VDS: Explanation for 5 consecutive ceiling-hitting sessions

On 06/03/2012, Viet Dragon Securities Corporation explained the stock ceiling hitting for 5 consecutive sessions from 27/02/2012 to 02/03/2012 as follows:

In the early of 2012, the market has increased again, along with the common trend, VIG stock hit ceiling for 5 consecutive sessions.

Moreover the price of VDS stock has been quite low (lower than par value and book value), as the market has fine signals, VDS stock has got the interest of investors. The turns of VDS stock price completely complied by the law of supply and demand, the trading of VDS stock was because of the demand of investors and was out of company’s control.

Moreover, the operation of company had no anomaly beside the disclosed information and operation results of 2011 that have been fully disclosed on company’s website and reported to the State Securities Commission and Hanoi Stock Exchange.

hnx

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